About Morningstar India Private Limited
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Morningstar India Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Corporate Fundamentals Inc.. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 24 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2004PTC245103. Its GSTIN is 27AAACX0362K1Z9 (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.72 Cr. It was formerly known as Hemscott India Private Limited and Xim Information Services India P Ltd. It is led by directors including Aditya Agarwal and Divya Pillai Rajivkumar.
Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Platinum Tecno Park 9th Floor Plot No 17 & 18 Sector – 30A Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2025, the company reported a revenue of ₹949.48 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹125.14 Cr (net margin 13.2%) and EBITDA of ₹250.23 Cr (EBITDA margin 26.4%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 27% over five years.
The company has about 4,559 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Morningstar. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹16.45 Cr; the latest was in April 2013.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website morningstar.in.
Company details
Name history
Morningstar India has undergone 2 name changes throughout its history. The company was previously known as Hemscott India Private Limited, and Xim Information Services India P Ltd. The current legal name is Morningstar India Private Limited.
| Company Name | Status |
|---|---|
| Morningstar India Private Limited | Current |
| Hemscott India Private Limited | Previous |
| Xim Information Services India P Ltd | Previous |
CIN history
Morningstar India has one previous CIN (Corporate Identification Number): U72300DL2004PTC129374. The current CIN is U72300MH2004PTC245103, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300MH2004PTC245103 | Current |
| U72300DL2004PTC129374 | Previous |
Contact details
Morningstar India Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is morningstar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlatinum Tecno Park 9th Floor Plot No 17 & 18 Sector – 30A Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryInternet, Online Financial Services
To see the full contact details of Morningstar India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Morningstar India operates one associated brand: Morningstar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial data and investment advisory tools are offered online. | morningstar.com |
Business activity
The main business activities of Morningstar India are information and communication and financial and insurance service. In detail, this covers other information & communication service activities and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Morningstar India Private Limited, buy the company report.
Financials of Morningstar India Private Limited
FY 2025 filings availableMorningstar India Private Limited reported revenue of ₹949.48 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 10% growth in the latest year. EBITDA rose 12% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹250.23 Cr | ||||
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| Net Profit (PAT) | ₹125.14 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.4% | ||||
| Net Profit Margin | 13.2% | ||||
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To see the full financial statements and ratios of Morningstar India Private Limited, buy the company report.
Board of directors of Morningstar India Private Limited
Morningstar India has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Agarwal Also directs: Morningstar Investment Research India Private Limited | Director | 01 Aug 2008 | 18 Years 3 Months | Current |
| Divya Pillai Rajivkumar Also directs: Morningstar Investment Research India Private Limited | Director | 25 Jul 2023 | 3 Years 3 Months | Current |
| Pratik Kirit Parikh | Director | 30 Mar 2022 | 4 Years 7 Months | Current |
| Craig Leigh Hutcheson Also directs: Morningstar Investment Research India Private Limited | Director | 25 Jul 2023 | 3 Years 3 Months | Current |
Auditor
Morningstar India Private Limited is audited by SUDIT K. PAREKH & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDIT K. PAREKH & CO. LLP | FY 2023 | 110512W |
Shareholding
The shareholding of Morningstar India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Morningstar India Private Limited, buy the company report.
Deals & funding
Morningstar India Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹16.45 Cr; the latest was in April 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2013 | Funding round | ₹13.42 Cr | Investors: Corporate Fundamentals Inc |
| Oct 2008 | Funding round | ₹3.03 Cr | Investors: Corporate Fundamentals Inc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Morningstar India Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Inspector Under Maharashtra Private Security Guards Through Sangeeta Mutha | Pending |
To see the full case history of Morningstar India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Morningstar India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Morningstar India Private Limited has a workforce of 4,559 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
GST
Morningstar India has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACX0362K1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACX0362K2Z8 | Maharashtra | Active | 01 Apr 2024 |
| 06AAACX0362K1ZD | Haryana | Active | 07 Dec 2019 |
To see the full GST registrations and return filing status of Morningstar India Private Limited, buy the company report.
Recent activity
Morningstar India Private Limited has 21 board changes on record since 2007: 5 appointments and 16 cessations. The latest: Craig Leigh Hutcheson ceased to be Director on 27 Aug 2023.
12 earlier events are in the company report.
Frequently asked questions
Morningstar India is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 24 September 2004 (22+ years old) and is registered under CIN U72300MH2004PTC245103.
Morningstar India has 4 current directors:
- Aditya Agarwal - Director
- Divya Pillai Rajivkumar - Director
- Pratik Kirit Parikh - Director
- Craig Leigh Hutcheson - Director
The latest financial statements of Morningstar India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Morningstar India is 27AAACX0362K1Z9, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACX0362K2Z8 (Maharashtra), 06AAACX0362K1ZD (Haryana).
The CIN (Corporate Identification Number) of Morningstar India is U72300MH2004PTC245103. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Morningstar India has 1 court case on record: 1 filed against it. 1 is pending.
Morningstar India was incorporated on 24 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Morningstar India has 2 deals on record (2 funding rounds), with disclosed funding of ₹16.45 Cr; the latest was in April 2013.
Craig Leigh Hutcheson ceased to be Director on 27 Aug 2023. Divya Pillai Rajivkumar ceased to be Additional Director on 27 Aug 2023. Craig Leigh Hutcheson was appointed as Director on 25 Jul 2023. Morningstar India has 21 board changes on record in total.
Morningstar India can be reached through the website morningstar.in. Its registered office is in Navi Mumbai, Maharashtra, India.
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